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Start-Up Chile SCALE, the follow-on fund backed by the Chilean government to boost local startup growth, is making its first nine investments.
The nine companies, all graduates of Start-Up Chile’s past three classes, will receive $100K each in equity-free funding. In exchange, the founders agree to keep their companies in Chile for at least a year and serve as mentors to three… Read More

As great as the allure of its filters may be, Facebook didn’t spend $1 billion on Instagram for its digital photo effects. No, it was because Instagram was mobile-first, growing like a weed, had just launched on Android, and because it had created (with a small team) the first good-looking, mobile-centric social network for photos — location-tagged photos to boot. Launching a… Read More

Earlier this month, MG broke the news that iOS app testing platform, TestFlight, had been acquired by Burstly. In one fell swoop, TestFlight (which continues to exist in its current, free-to-use form) combined its app testing strengths with Burstly’s app monetization platform, launching a supposed one-two punch with TestFlight Live, a new product that allows developers to view… Read More

Last November, TechCrunch’s own Sarah Lacy sat down with Vineet Devaiah from “social streetview” startup, Phototour.in, which, at the time, had just received term sheets from a number of high-profile U.S. investors and had recently been awarded the “Top Emerging Technology Company of 2010″ by Nvidia. The startup was the first international, non-funded… Read More